Public Governance, Performance and Accountability (Financial Reporting) Rule 2015
9Administered reporting
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9 Administered reporting
Guide to this section
The purpose of this section is to set out the reporting and disclosure requirements for administered items.
In accordance with AASB 1050 Administered Items, reporting entities need to disclose all outcomes and activities that the department does not control but where they administer those activities on behalf of the Government.
Administered items refer to items that the reporting entity does not control but administers on behalf of the Government. Examples of administered items include taxes, subsidies, grants and personal benefits payments. These items the entity either collects or pays on behalf of the Government, but has no direct control over as they are directly controlled by legislation or government policy.
Administered reporting must: (a) provide a brief description of the activities being administered on behalf of the Australian Government; and (b) be in a different background shading to ‘departmental’.
Note: The financial statements of reporting entities must also comply with all other AAS that relate to administered items (see paragraph 7(1)(b) of this rule).